All Compliance Week articles in Web Issue – Page 609
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Blog
Peak Resorts names new chief accounting officer
Peak Resorts, an owner and operator of ski resorts in the United States, has promoted Christopher Bub to the newly created position of vice president and chief accounting officer, effective Aug. 1. He currently serves as Peak Resorts’ corporate controller.
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Blog
People, please stop making these two insider-trading mistakes!
Bruce Carton has been warning us for years about two insider-trading mistakes. Last month, a former partner at law firm Fox Rothschild was sentenced to six months in prison for allegedly making both of them. See inside.
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Blog
Law firm involvement in the 1MDB Scandal
What does the use of the Shearman & Sterling trust account by 1MDB mean for the law firm?
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BlogFASB proposal would target income tax disclosures
FASB proposed a change to the disclosure requirements under Topic 740 in the Accounting Standards Codification that would require public companies to add nearly a dozen new items to their existing income tax disclosures, including income or losses from continuing operations along with income tax expense or benefit, separated by ...
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Blog
Accounting leaders advocate looking at non-GAAP accounting measures
As the Securities and Exchange Commission continues its focus on use of non-GAAP accounting measures, accounting experts are advising companies to take a look at their internal controls and assure they are appropriate. Tammy Whitehouse reports.
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Blog
State Street to pay $382 million for foreign currency exchange fraud
State Street Bank and Trust Company has agreed to pay a total of $382.4 million to the United States to resolve allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services. Jaclyn Jaeger reports.
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Blog
FinCEN expands crackdown on real estate shell companies
The Financial Crimes Enforcement Network will add San Francisco, San Diego, and San Antonio to a geography-based initiative demanding that title insurance companies identify who is behind shell companies used to pay all cash for high-end residential real estate. The initiative is already underway in Manhattan and Miami-Dade County. Joe ...
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Blog
Business associate to pay $650K for HIPAA violation
The Department of Health and Human Services reached its first-ever enforcement action with a “business associate” of a HIPAA-covered entity. Compliance officers in the healthcare industry looking to minimize risk of future HIPAA violations will want to take a look at the resulting corrective action plan for lessons learned. Jaclyn ...
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Blog
EU watchdogs temporarily green-light Privacy Shield
European Union data protection authorities indicated in a recent statement that they will hold off for at least one year any new challenges to the EU-U.S. Privacy Shield. But legal challenges from others concerning its provisions could be on the horizon. Jaclyn Jaeger reports.
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BlogPanama Papers: Mossack Fonseca linked to offshore deals in Africa
A new round of investigations on the Panama Papers conducted by the International Consortium of Investigative Journalists (ICIJ) this week revealed that Panama-headquartered law firm Mossack Fonseca established offshore companies to own, hold, or do business with petroleum, natural gas, and mining operations in 44 of Africa’s 54 countries—many of ...
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Article
Second Circuit ruling gives legal backing to Yates Memo
At last, compliance officers have a legal decision to cheer about: A recent court case affirmed the ability of companies to fire executives who refuse to cooperate with internal investigations. This gives compliance departments a serious boost in authority, reports Jaclyn Jaeger.
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Article
Workforce compliance in the gig economy
Today’s organizations are using contingent workers on a greater scale than ever before. Known as a “gig economy,” this task-based approach to work has added benefits, such as being a cost saver, bringing unique skills to the workforce, and more, but it also means additional risk. This edition of the ...
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Article
This is not a game: Scenario planning can help protect your organization’s reputation
With some 4,000 cyber-attacks occurring every day, compliance officers are looking for any solution to help protect their organization from cyber-risk. A method worth considering is wargaming: a simulation that provides a live example of what a cyber-attack might look like and illustrates what can be to better protect the ...
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Article
BAE Systems on what compliance needs to know about cyber risk
As cyber risk continues to increase, companies need to step up their security skills when it comes to procurement, audit, compliance, and legal on a variety of fronts. And that is just the beginning, says Bill Sweeney, financial services evangelist at BAE Systems Applied Intelligence, in an exclusive interview with ...
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Article
Inside the quest for better corporate reporting
Laura Phillips is in the trenches trying to help key capital market players understand why so many public companies sense a misalignment between how audits and managers deal with internal controls. Tammy Whitehouse gets the inside track.
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Blog
Symantec launches Control Compliance Suite
Symantec has announced the next version of Symantec Control Compliance Suite, an enterprise-class IT governance, risk and compliance solution. Symantec Control Compliance Suite delivers new features to give IT and security operations teams the ability to implement agile business processes while remaining in compliance with regulations.
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Article
Executives and investors form alliance to drive better governance
In part an after-effect of say-on-pay rules, shareholders are finding corporate executives and their boards increasingly willing to improve upon their once confrontational relationship. Joe Mont reports.
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Blog
Actiance Socialite solves compliance challenges for companies using Instagram
Actiance, a communications compliance, archiving, and analytics provider, recenly announced enhanced Actiance Socialite support for Instagram, ensuring that companies using Instagram as an enterprise communication tool meet compliance mandates.
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Blog
K2 Intelligence names head of U.S. business investigations practice
K2 Intelligence, an investigative, compliance and cyber-defense services firm, has appointed Snežana Gebauer as executive managing director and head of the U.S. business investigations and intelligence practice.
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ArticleChristopher Michaelson: A man of letters
Bill Coffin catches up with Christopher Michaelson, who works as a professor of ethics and business, as well as a practicing business advisor. By keeping a foot in both the academic and practical worlds, Michaelson sees a path forward for ethics and compliance not just as a professional or as ...